Shake Shack Inc. — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2021-01-04

Reporting Person: Comonte Tara (PRESIDENT & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-04	CLASS A COMMON STOCK	F	1108	$84.78	Disposed	52938	Direct
2021-01-04	CLASS A COMMON STOCK	F	1028	$84.78	Disposed	51910	Direct
2021-01-04	CLASS A COMMON STOCK	F	746	$84.78	Disposed	51164	Direct
2021-01-04	CLASS A COMMON STOCK	A	6066	$82.43	Acquired	57230	Direct

Footnotes

F1: Represents shares of Class A common stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Comonte on January 3, 2018 pursuant to Ms. Comonte's Employment Agreement with the Issuer (the "Employment Agreement") and the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Award Plan").

F2: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Comonte on January 3, 2019 pursuant to Ms. Comonte's Employment Agreement and the Incentive Award Plan.

F3: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Comonte on January 3, 2020 pursuant to Ms. Comonte's Employment Agreement and the Incentive Award Plan.

F4: Represents shares of Class A Stock of the Issuer underlying restricted stock units acquired by Ms. Comonte pursuant to the Employment Agreement and the Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in five equal installments, beginning on January 4, 2022 and continuing on each of the following four year anniversaries, subject to the Employment Agreement.